PLANET LABS PBC (PL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PL - US72703X1063 - Common Stock
Taking everything into account, PL scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, PL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.46, a Stop Loss order could be placed below this zone.
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8.75
We found 3 important support areas.
- A support zone ranging from 11.41 to 11.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.15 to 11.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.84 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.18 to 12.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.40 to 13.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PL is down. |
| ChartMill Relative Strength | 97.96 | POSITIVE | PL has a high relative strength, it outperformed 97.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.32 | NEUTRAL | The RSI value for PL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.86 | NEUTRAL | The Stochastics value for PL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for PL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for PL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.25 | 11.40 | 0.85 (6.94%) | 14.41% |
| An entry @12.25. This is a Buy Stop order right above the resistance zone. | An exit @11.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 6.94%. | For a 1.00% total portfolio risk, you can invest 14.41% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.72
-0.01 (-0.09%)
PLANET LABS PBC / PL FAQ
Can you provide the ChartMill technical rating for PLANET LABS PBC?
ChartMill assigns a technical rating of 7 / 10 to PL.
What is the current trend direction of PLANET LABS PBC (PL) stock?
The current trend direction for PLANET LABS PBC (PL) is Bullish.
Can you provide the RSI signal for PLANET LABS PBC?
PLANET LABS PBC (PL) has an RSI value of 45.3218. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PLANET LABS PBC?
The short term momentum for PLANET LABS PBC (PL) is negative.
Can you provide the support and resistance levels for PLANET LABS PBC?
PLANET LABS PBC (PL) has a support level at 11.46 and a resistance level at 12.18. Check the full technical report for our detailed analysis of PL support and resistance levels.